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Saturday, April 19, 2025

Hancock County median home valuation prices fell by 6.3% in 2024

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Hancock County Il Clerk And Recorder Holly Wilde-Tillman (2023) | Hancock County Clerk Office of the County Clerk

Hancock County Il Clerk And Recorder Holly Wilde-Tillman (2023) | Hancock County Clerk Office of the County Clerk

The median sale price of a home sold in 2024 in Hancock County fell by $5,000, while total sales increased by 14.1%, according to BlockShopper.com.

Throughout 2024, 211 homes were sold in the county, with a median sale price of $75,000. This is a 6.3% decrease from the $80,000 median sale price during the same period in 2023, when there were 185 homes sold.

Based on the latest available data from 2021, the median sales tax in Hancock County was $1,447, which stands at 1.9% of the median home sale price for 2024.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Hancock County from January 2023 to December 2024.

20232024$80,000$80,000$75,000$75,000

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